- Inferno Drainer, one of the most popular crypto wallet-draining kits for hire, announced it is shutting down after helping phishing scammers steal nearly $70 million worth of crypto this year.
- Since February, Inferno Drainer has stolen nearly $70 million from over 100,000 victims according to analytics from Web3 anti-scam platform Scam Sniffer.
- While Inferno Drainer may be gone, blockchain security firms like CertiK warn that the threat of phishing scams and wallet draining kits is far from over as active providers like Pink Drainer and Angel Drainer remain.
Inferno Drainer, one of the most popular crypto wallet-draining kits for hire, announced it is shutting down for good after helping phishing scammers steal nearly $70 million worth of crypto this year. The wallet draining service gained notoriety in the crypto community for making it easy for scammers to steal funds from unsuspecting victims.
Inferno Drainer Says Goodbye After Lucrative Crypto Heists
In a November 26 Telegram post, the team behind Inferno Drainer said “it was time for us to move on.” However, they said the files and infrastructure needed to run the wallet drainer won’t be destroyed but will instead remain active so users can transition smoothly to other services.
“It has been a long ride with all of you and we’d like to thank you from heart [sic]. Unfortunately nothing lasts forever,” the post read. “A big thank [sic] to everyone who has worked with us. We hope you can remember us as the best drainer that has ever existed and that we succeeded in helping you in the quest of making money.”
Since February, Inferno Drainer has stolen nearly $70 million from over 100,000 victims according to analytics from Web3 anti-scam platform Scam Sniffer. However, the Inferno Drainer team suggested the amount stolen was over $80 million.
Crypto Security Firms Warn Users of Ongoing Threat
Blockchain security firm CertiK told Cointelegraph that Inferno Drainer was one of the most damaging phishing kits to the community they’ve seen.
CertiK added there are still plenty of active providers out there including rival Pink Drainer and Angel Drainer, the latter of which released an update on November 25th to help users drain wallets on more blockchains.
While Inferno Drainer may be gone, the crypto security industry warns that the threat of phishing scams and wallet draining kits is far from over. Users should remain vigilant and practice safe crypto security habits.
